Cablevision Grows Video Subs, VOD

Bucking a recent trend among cable operators, Cablevision May 6 reported first-quarter (ended March 31) gains in video subscribers and video-on-demand (VOD), among other premium offerings.

Bethpage, N.Y.-based Cablevision, with more than 3 million subscribers, posted consolidated operating income of $355 million, up 21.6% from consolidated operating income of $292 million during the previous-year period.

More importantly, the company grew video revenue 3.2% to $803 million, from $778 million last year. Video revenue includes same-day (with DVD) new release movies on VOD, pay-per-view, and digital video recorder (DVR), among other services.